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Barclays Bank PLC is marketing a new two-year structured note鈥擟apped Buffer GEARS鈥攖ied to the price performance of the S&P 500庐 Index. Each $10 Security offers 2.0脳 leveraged participation in any positive index return, but gains are capped at 21.65-23.65% (exact rate set on the July 15, 2025 Trade Date). Investors receive:

• Full principal repayment at maturity if the Index is flat or down less than 10% (Buffer).
• Loss exposure of 1% for every 1% decline beyond the 10% Buffer, up to a maximum 90% loss of principal.

Key indicative terms include a Downside Threshold at 90% of the Initial Index Level, Upside Gearing of 2.0, no periodic coupons, and maturity on July 20, 2027. The notes price at par ($10), yet Barclays鈥� internal models estimate fair value between $9.459-$9.959, reflecting embedded selling concessions, hedging costs and issuer profit. UBS Financial Services acts as placement agent for fee-based advisory accounts; no sales commission is paid.

Risk considerations dominate the disclosure: the notes are unsecured, unsubordinated obligations of Barclays and subject to U.K. bail-in powers, market risk of the S&P 500, limited liquidity (no exchange listing and discretionary secondary market making only), tax uncertainty (potential prepaid forward contract treatment), and valuation risk (secondary prices likely below issue price).

Illustrative payoff scenarios show that a 30% Index gain yields the maximum $12.165 payment, while a 60% decline results in only $5.00鈥攄emonstrating the capped upside and buffered but significant downside.

AeroVironment, Inc. (Nasdaq: AVAV) has filed a preliminary prospectus supplement (Form 424B5) for a public offering of $750 million of common stock, with a 30-day underwriters鈥� option for up to an additional $112.5 million. The company is simultaneously marketing a separate $600 million (up to $690 million) offering of Convertible Senior Notes due 2030. Neither transaction is contingent on the other.

Key transaction terms

• Common stock trades on Nasdaq under the symbol 鈥淎痴础痴鈥�; last reported price on 27-Jun-2025 was $278.07.
• Pro-forma share count will rise to 48,511,437 immediately after the equity offering (from 45,814,275).
• Underwriters: J.P. Morgan Securities LLC and BofA Securities, Inc.; their banking affiliates are lenders under the company鈥檚 credit facilities and will receive a portion of the proceeds.

Use of proceeds

• $700.2 million to repay outstanding borrowings under the New Term Loan (matures 1-May-2027).
• $265.1 million to repay borrowings on the Revolving Credit Facility (matures 4-Oct-2029).
• Any remainder for general corporate purposes, including increased manufacturing capacity.

Strategic backdrop 鈥� BlueHalo merger

• AeroVironment closed the all-stock acquisition of BlueHalo on 1-May-2025, issuing 17,425,849 shares and drawing $925 million of debt to retire BlueHalo obligations and pay transaction costs.
• Lock-up agreements restrict resale of the BlueHalo shares until May-2026 (40%), Nov-2026 (30%) and May-2027 (30%).

Recent financial performance

• Quarter ended 30-Apr-2025 GAAP EPS: $0.59; Non-GAAP EPS: $1.61.
• FY-2025 GAAP EPS: $1.55; Non-GAAP EPS: $3.28.
• FY-2025 Adjusted EBITDA: $146.4 million, up from $127.8 million in FY-2024.
• Q4-2025 goodwill impairment charge: $18.4 million.

Capitalisation impact

• As-adjusted cash rises to $454.1 million; total debt falls from $955.0 million to $600.0 million if both offerings close and proceeds are applied as planned.
• Total shareholders鈥� equity would rise from $886.5 million to $4.23 billion (reflecting BlueHalo equity issuance and the new share sale).

Risk highlights

• Approximately 5鈥�6 % dilution to existing shareholders from the equity issuance, with further dilution possible from note conversion.
• Successful integration of BlueHalo is critical; merger-related synergies and cost savings are not assured.
• If the note offering is unsuccessful, AeroVironment may retain higher leverage until alternative funds are secured.

Overall, the combined equity and convertible offerings are designed to deleverage the balance sheet after the transformational BlueHalo merger, provide funding for capacity expansion, and position the company for growth across autonomous systems, precision-strike and other defense technology markets.

Old Market Capital Corporation (NASDAQ: OMCC) has filed Form 10-K/A (Amendment No. 1) for the fiscal year ended 31 March 2025. The amendment is narrowly focused and does not revise previously issued financial statements. Instead, it corrects two clerical items on the original Form 10-K:

• Auditors鈥� Report date change: The opinion of Forvis Mazars, LLP is re-dated to 27 June 2025 (from 27 June 2024).
• Sarbanes-Oxley 搂404(b) checkbox: The 鈥渋nternal control over financial reporting鈥� attestation box is now unchecked; the company was not subject to an auditor鈥檚 ICFR opinion.

The re-issued audit report remains unqualified, confirming that the consolidated financial statements for FY 2024 and FY 2025 are presented fairly in accordance with U.S. GAAP. The auditor again highlights one Critical Audit Matter: valuation of property, plant & equipment, trade name, and customer relationships acquired via the 15 June 2024 acquisition of Amplex Electric, Inc. Key assumptions scrutinised include projected cash flows, attrition rates, discount rates and royalty rates, for which internal valuation specialists were engaged.

Capitalisation snapshot: As of 23 June 2025 the company had 12.7 million shares issued, but 6.7 million are entitled to vote after subtracting treasury and subsidiary-held shares. Aggregate market value held by non-affiliates was $42.3 million based on 30 September 2024 NASDAQ pricing.

Aside from the technical corrections above, no quantitative operating or earnings data are provided in this amendment. Governance disclosures confirm the company is a non-accelerated filer, smaller reporting company, and not an emerging growth company. Management and board signatures were re-submitted as of 30 June 2025.

Nuveen Funds definitive proxy (Schedule 14A) dated June 30, 2025 covers 14 closed-end municipal funds, including Nuveen Taxable Municipal Income Fund (NBB) and its sister portfolios. The document notifies shareholders of virtual annual meetings on August 14, 2025 at 2:00 p.m. CT, accessible via live webcast at www.meetnow.global/MNRRJJC. Shareholders of record as of June 20, 2025 may vote electronically during the webcast or in advance by mail, telephone or internet using the control number on their proxy card.

Key agenda item: election of Board Members. Elections vary by fund:

• Municipal Income (NMI) 鈥� four Class III directors.
• AMT-Free Value (NUW), Municipal Value (NUV), New York Value (NNY), Select Maturities (NIM) and Taxable Income (NBB) 鈥� four Class I directors.
• Eight leveraged funds (e.g., NVG, NEA, NDMO, NZF) 鈥� three Class I directors (Common & Preferred voting together) plus two directors elected solely by Preferred shareholders.

Outstanding shares on the record date illustrate the relative size of each fund (e.g., NVG 213.5 m common shares; NEA 299.0 m; NBB 29.4 m). Multiple series of VRDP, MFP and AMTP preferred shares remain outstanding across eight funds, and NYSE Rule 452 proportionate voting may apply to certain series in remarketing mode.

All nominees are independent under the 1940 Act and none are affiliated with Nuveen or TIAA. Governance remains on a unitary-board model covering 217 portfolios, supported by seven standing committees (Audit, Investment, Compliance, Closed-End Fund, etc.).

Director compensation is increasing effective January 1 2025: base retainer stays at US $350,000 but committee retainers rise to US $35,000 (Audit/Compliance) and US $30,000鈥�$25,000 elsewhere; the Board Chair retainer rises to US $150,000. Meeting fees of US $1,000鈥�2,500 continue, and directors may defer compensation into Nuveen funds.

Management recommends shareholders vote 鈥淔OR鈥� each nominee. No other substantive business or financial performance data is presented.

Magnite, Inc. (MGNI) filed a Form 144 indicating a planned sale of 9,289 common shares worth approximately $204,358 at prevailing market prices. The shares were originally acquired on 02/15/2024 as restricted stock directly from the issuer and will be executed through Morgan Stanley Smith Barney LLC on or about 06/30/2025. Total shares outstanding are reported at 141,110,559, so the proposed sale represents less than 0.01 % of the float.

The filing lists David Buonasera as the selling shareholder, who has already disposed of 12,395 shares over the past three months for gross proceeds of $194,776.59. While the dollar amounts are modest relative to Magnite鈥檚 market capitalization, consecutive insider sales can raise sentiment concerns for some investors. The form contains no operational or financial performance data and makes no assertions about Magnite鈥檚 fundamentals; it solely discloses the insider鈥檚 intent to sell under Rule 144.

AeroVironment Director Joseph L. Votel reported the acquisition of 609 restricted stock awards on June 27, 2025, at a price of $278.07 per share. Following this transaction, Votel now beneficially owns 2,881 shares directly.

Key details of the restricted stock awards:

• Vesting Schedule: Three equal installments on July 11 of 2026, 2027, and 2028
• Transaction Type: Direct ownership
• Form Type: Form 4 (Statement of Changes in Beneficial Ownership)

This insider transaction represents a standard equity compensation grant for board service. The vesting schedule over three years suggests a long-term alignment between the director's interests and shareholder value.

AeroVironment (AVAV) Director Mary Beth Long reported a new acquisition of company securities on June 27, 2025. The transaction details include:

• Acquired 609 shares of Common Stock as Restricted Stock Awards at $278.07 per share
• Total shares beneficially owned after transaction: 3,043 shares (Direct Ownership)
• The restricted stock awards will vest in three equal installments on July 11 of 2026, 2027, and 2028

This Form 4 filing indicates continued alignment of director interests with shareholders through equity-based compensation. The vesting schedule over three years suggests a long-term commitment to the company's performance and governance.

AeroVironment (AVAV) Director Phillip S. Davidson received a grant of 609 restricted stock awards on June 27, 2025, at a price of $278.07 per share. Following this transaction, Davidson now beneficially owns 3,181 shares directly.

Key details of the stock award:

• The restricted stock will vest in three equal installments on July 11 of 2026, 2027, and 2028
• Transaction was reported as a Form 4 filing, indicating changes in beneficial ownership
• The shares were acquired as a direct ownership position

This equity grant appears to be part of the company's director compensation program, demonstrating alignment between board member and shareholder interests through long-term vesting requirements.

AeroVironment director Cindy Kay Lewis received a new equity compensation grant on June 27, 2025. The transaction details include:

• Acquisition of 609 restricted stock awards at a price of $278.07 per share
• The restricted shares will vest in three equal installments on July 11 of 2026, 2027, and 2028
• Following the transaction, Lewis now beneficially owns 6,416 shares directly

This Form 4 filing indicates ongoing executive compensation practices at AeroVironment, with the company using restricted stock awards as part of its director compensation program. The vesting schedule over three years suggests a long-term retention strategy for board members.